Saxo Bank releases new developer portal for open banking
Denmark’s Saxo Bank has released its new developer portal as it looks to strengthen its involvement in open banking.
The portal provides technical documentation, reference guides, sample code and interactive tools. With the release, Saxo has made its trading infrastructure available to third-party developers, fintechs, vendors and partners, enabling them to connect to its trading engine.
Benny Boye Johansen, head of open API at Saxo Bank, says users can “tap into almost any part of the value chain using a combination of APIs and technologies”; and partnerships and collaboration are “key to Saxo Bank’s business model as a facilitator”.
As an example, the bank says it is possible to write and integrate a complete trading platform via the SaxoOpenAPI. Users can also combine its FIX connectivity liquidity provision while at the same time use OpenAPI to source balance and margin information into proprietary applications or directly into Microsoft Excel.
Saxo adds that the documentation and the developer tools have been “improved” and more APIs have been added.
The bank was founded in 1992 and is headquartered in Copenhagen. It employs more than 1,500 people in financial centres around the world including London, Singapore, Paris, Zurich, Dubai and Tokyo.